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$20,000
Est. payment /mo
3 Beds
1 Bath
1,100 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $18
MLS Listing ID 20261071276
Bedrooms 3
Full Baths 1
Year Built 1916
Annual Tax Amount $1,419
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 27X111
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
Great investment and redevelopment opportunity! DLBA-owned property located at **8967 Homer St** in Detroit's **Springwells community**, an established Southwest Detroit neighborhood. This property presents an excellent opportunity for renovation, owner-occupancy, or investment and offers buyers the chance to restore a Detroit home while contributing to the continued stabilization and revitalization of the surrounding community.All properties come with clear title.Conveniently located near **W. Vernor Hwy, Springwells St, Fort St, and the I-75 corridor**, providing easy access to shopping, restaurants, schools, parks, neighborhood businesses, and other everyday amenities. Sale is subject to approval by the **Detroit Land Bank Authority (DLBA)** and execution of a **DLBA Renovation/Development Agreement**. Purchaser must submit a complete proposal package that may include the proposed use of the property, renovation and completion timeline, proof of funds sufficient for acquisition and improvements, detailed scope of work with estimated costs, contractor information, and documentation of previous renovation or development experience, including addresses and before-and-after photographs when applicable.The DLBA recommends that purchasers review any applicable **Neighborhood Framework Plans** and development guidelines through the City of Detroit Planning and Development Department prior to submitting a proposal.**Property is sold AS-IS.** Buyer is responsible for conducting all necessary due diligence and verifying property condition, dimensions, zoning, permitted use, taxes, and all other information. **DLBA retains the right to tax recapture for five (5) years following transfer of ownership.** Certain tax abatements, lot combinations, assemblages, or other property-related actions may require DLBA review and approval. Buyer to verify all information.
Location
State MI
County Wayne
Direction West of Springwells St and South of W Vernor Hwy
Interior
Heating Forced Air
Exterior
View Y/N No
Garage No
Building
Story 2
Sewer Public
Water Public
Structure Type Vinyl Siding,Other
Schools
School District Detroit
Others
Tax ID W20I002704S
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition {"Other":true}
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Listed by Atlas Properties Inc
Nearby School & Business
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